Groww and Zerodha are two stockbrokers that investors often compare for brokerage charges, products, trading platforms, and account costs. Groww is listed as a Private Discount Broker , established in 2016 and headquartered in Bangalore, while Zerodha is listed as a Private Discount Broker , established in 2010 and headquartered in Bangalore, India.
This comparison reviews brokerage, Demat charges, product availability, platforms, features, support, ratings, and complaints. Use the side-by-side tables below to see whether Groww or Zerodha is a better fit for your investment style, platform preference, and budget.
Groww is listed as a Private Discount Broker established in 2016 with headquarters in Bangalore and founded by Lalit Keshre. The broker highlights access to equity delivery, equity intraday, equity futures, equity options and mutual funds through mobile app access and web trading and promotes features such as watchlists, real-time updates, portfolio tracking, online mutual fund access, interactive charts and live market tracking. It follows a Standard Plan brokerage structure.
Zerodha is listed as a Private Discount Broker established in 2010 with headquarters in Bangalore, India and founded by Nithin Kamath. It offers equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and currency futures using mobile app access, web trading and algo trading support and supports traders with features such as watchlists, real-time updates, portfolio tracking, online mutual fund access, interactive charts and live market tracking. Its brokerage model is structured as Standard Plan.
Both brokers use technology-driven platforms to attract active traders and investors, but the better option depends on the combination of pricing, products, services, and support that matters most to you.
Groww vs Zerodha — A Comprehensive Company Overview
| Company Overview | Groww | Zerodha |
|---|---|---|
| Company Type | Private | Private |
| Broker Type | Discount Broker | Discount Broker |
| Headquarters | Bangalore | Bangalore, India |
| Founder | Lalit Keshre | Nithin Kamath |
| Establishment Year | 2016 | 2010 |
| Brokerage Plan | Standard Plan | Standard Plan |
Brokerage is the primary cost to compare when choosing a broker. Below is a segment-by-segment breakdown for Groww and Zerodha.
Equity delivery: This charge applies to buy-and-hold stock positions held beyond one trading session. Groww charges Rs.20 per Order or 0.05% (whichever is low) while Zerodha charges Free.
Equity intraday: This charge applies to buy-sell positions closed within the same trading day. Groww charges Rs.20 per Order or 0.05% (whichever is low) while Zerodha charges Rs.20 per Trade or 0.03% (whichever is low).
Equity futures: This charge applies to futures contracts on stocks and indices. Groww charges Rs.20 per Order or 0.05% (whichever is low) while Zerodha charges Rs.20 per Trade or 0.03% (whichever is low).
Equity options: This charge applies to equity option contracts. Groww charges Rs.20 per Order while Zerodha charges Rs.20 per Trade.
Commodity futures: This charge covers commodities such as gold, silver, and crude oil. Groww charges Rs.20 per Order while Zerodha charges Rs.20 per Trade or 0.03% (whichever is Low).
Commodity options: This charge applies to option contracts on commodity instruments. Groww charges Rs.20 per Order while Zerodha charges Rs.20 per Trade.
Currency futures: This charge allows participation in forex price movements on the exchange. Groww charges Rs.20 per Order while Zerodha charges Rs.20 per Trade or 0.03% (whichever is Low).
Currency options: This charge enables traders to hedge or speculate on currency fluctuations. Groww charges Rs.20 per Order while Zerodha charges Rs.20 per Trade.
Groww vs Zerodha — Detailed Brokerage Comparison
| Brokerage | Groww | Zerodha |
|---|---|---|
| Brokerage Plan | Standard Plan | Standard Plan |
| Subscription Charges | Zero | Zero |
| Equity Delivery | Rs.20 per Order or 0.05% (whichever is low) | Free |
| Equity Intraday | Rs.20 per Order or 0.05% (whichever is low) | Rs.20 per Trade or 0.03% (whichever is low) |
| Equity Future | Rs.20 per Order or 0.05% (whichever is low) | Rs.20 per Trade or 0.03% (whichever is low) |
| Equity Option | Rs.20 per Order | Rs.20 per Trade |
| Commodity Future | Rs.20 per Order | Rs.20 per Trade or 0.03% (whichever is Low) |
| Commodity Option | Rs.20 per Order | Rs.20 per Trade |
| Currency Future | Rs.20 per Order | Rs.20 per Trade or 0.03% (whichever is Low) |
| Currency Option | Rs.20 per Order | Rs.20 per Trade |
Groww provides mobile app access and web trading for order placement, portfolio tracking, and market monitoring. Zerodha provides mobile app access, web trading and algo trading support for its users.
Android app: Groww and Zerodha both list an Android trading app.
iOS app: Groww and Zerodha both list an iOS trading app.
Web trading platform: Groww and Zerodha both list a web trading platform.
Desktop trading terminal: Neither broker currently highlights a desktop trading terminal.
Algo trading: Zerodha lists algo trading support, while Groww does not currently mention it.
Basket trading: Zerodha lists basket trading, while Groww does not currently mention it.
Foreign stocks platform: Neither broker currently highlights foreign stocks access.
Mutual fund platform: Groww and Zerodha both list a mutual fund investment platform.
Digital gold platform: Neither broker currently highlights digital gold investing.
Bonds platform: Zerodha lists a bonds investment platform, while Groww does not currently mention it.
Groww vs Zerodha — Complete Comparison of Trading Platforms
| Trading Platform | Groww | Zerodha |
|---|---|---|
| Android App | Groww Android App Link | Zerodha Android App Link |
| iOS App | Groww iOS App Link | Zerodha iOS App Link |
| Web Trading Platform | Groww Web Trading Link | Zerodha Web Trading Link |
| Trading Terminal | NA | NA |
| Algo Trading Platform | NA | Available |
| Foreign Stocks Platform | NA | NA |
| Basket Trading Platform | NA | Available |
| Mutual Fund Platform | Available | Available |
| Digital Gold Platform | NA | NA |
| Bonds Platform | NA | Available |
Groww highlights trading features including watchlists, real-time updates, portfolio tracking, online mutual fund access, interactive charts and live market tracking, while Zerodha promotes watchlists, real-time updates, portfolio tracking, online mutual fund access, interactive charts and live market tracking. The table below shows the full feature set for both brokers side by side.
Wishlist: Monitor specific stocks or assets by adding them to a watchlist for close tracking. Both Groww and Zerodha offer this feature.
Real time updates: Get timely updates on market trends, stock prices, and other market data. Both Groww and Zerodha offer this feature.
Portfolio details: A detailed snapshot of all investments — stocks, bonds, and commodities — in one place. Both Groww and Zerodha offer this feature.
Online mf buy: Buy or sell mutual funds directly from the trading platform or mobile application. Both Groww and Zerodha offer this feature.
Interactive charts: Visual price movement charts to help analyse when to buy or sell. Both Groww and Zerodha offer this feature.
Live market: Live updates on market movements and trends. Both Groww and Zerodha offer this feature.
Secure platform: A secure trading environment with next-generation security controls. Both Groww and Zerodha offer this feature.
Groww vs Zerodha — Comprehensive Comparison of Trading Features
| Trading Feature | Groww | Zerodha |
|---|---|---|
| Wishlist | Yes | Yes |
| Real-Time Updates | Yes | Yes |
| Portfolio Details | Yes | Yes |
| Online MF Buy | Yes | Yes |
| Research Reports | No | No |
| Global Indices | No | No |
| Customised Recommendations | No | No |
| Stock Tips | No | No |
| Interactive Charts | Yes | Yes |
| Live Market | Yes | Yes |
| Multi Profile Management | NO | No |
| Robust & Secure Platform | Yes | Yes |
Stockbrokers use promotional offers to attract and retain clients. Below is a side-by-side comparison of the offers currently listed by Groww and Zerodha.
Free account opening: Groww lists free account opening, while Zerodha does not currently mention it.
Free AMC: Groww lists free Demat AMC, while Zerodha does not currently mention it.
Free brokerage: Zerodha lists free brokerage, while Groww does not currently mention it.
Flat brokerage: Groww and Zerodha both list flat brokerage pricing.
Flexible brokerage plans: Neither broker currently highlights flexible brokerage plans.
Happy trading hours: Neither broker currently highlights happy trading hours.
Free delivery trading: Zerodha lists free delivery trading, while Groww does not currently mention it.
Free intraday trading: Neither broker currently highlights free intraday trading.
Free F&O trading: Neither broker currently highlights free F&O trading.
Free research reports: Neither broker currently highlights free research reports.
Free trading calls: Neither broker currently highlights free trading calls.
Zero brokerage for loss trades: Neither broker currently highlights zero brokerage for loss-making trades.
Referral offers: Groww offers Rs.300 per Client while Zerodha offers 10% + 300 Points per Client for referrals.
Groww vs Zerodha — Comparison of Latest Offers
| Offer | Groww | Zerodha |
|---|---|---|
| Free Account Opening | Yes | No |
| Free AMC | Yes | No |
| Free Brokerage | No | Yes, Limited |
| Flat Brokerage | Yes | Yes |
| Flexible Brokerage Plans | No | No |
| Happy Trading Hours | No | No |
| Free Delivery Trading | No | Yes |
| Free Intraday Trading | No | No |
| Free F&O Trading | No | No |
| Free Research Reports | No | No |
| Free Trading Calls | No | No |
| Referral Offers | Rs.300 per Client | 10% + 300 Points per Client |
| Margin Funding / Pledging | Yes | Yes |
| Brokerage Cashback | No | No |
| Zero Brokerage for Loss-Making Trades | No | No |
Product availability determines whether a broker can support your preferred markets. Groww highlights equity delivery, equity intraday, equity futures, equity options and mutual funds, while Zerodha highlights equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and currency futures.
The table below compares the full product lineup side by side across equity delivery, equity intraday, equity futures, equity options, mutual funds, commodity futures, commodity options, currency futures, currency options, corporate bonds, government bonds and bonds.
Groww vs Zerodha — Complete Comparison of Products
| Product | Groww | Zerodha |
|---|---|---|
| Equity Delivery | Yes | Yes |
| Equity Intraday | Yes | Yes |
| Equity Option | Yes | Yes |
| Equity Future | Yes | Yes |
| Commodity Option | No | Yes |
| Commodity Future | No | Yes |
| Currency Option | No | Yes |
| Currency Future | No | Yes |
| Foreign Stocks | No | No |
| Mutual Funds | Yes | Yes |
| Banking | No | No |
| Insurance | No | No |
| Corporate Bonds | No | Yes |
| Government Bonds | No | Yes |
| Digital Gold | No | No |
Demat services: Groww and Zerodha both list Demat services.
Trading services: Groww and Zerodha both list trading services.
Intraday services: Groww and Zerodha both list intraday trading services.
F&O services: Groww and Zerodha both list F&O services.
IPO services: Groww and Zerodha both list IPO services.
3-in-1 account: Neither broker currently highlights 3-in-1 account support.
Stock research: Neither broker currently highlights stock research.
Stock recommendations: Neither broker currently highlights stock recommendations.
Trading education: Zerodha lists trading education, while Groww does not currently mention it.
Share pledging: Groww and Zerodha both list share pledging.
PMS or PCG: Neither broker currently highlights PMS or PCG support.
NRI services: Neither broker currently highlights NRI services.
Groww provides Demat services, trading services, intraday trading, F&O trading, IPO access and share pledging, while Zerodha offers Demat services, trading services, intraday trading, F&O trading, IPO access and trading education.
Groww vs Zerodha — In-Depth Comparison of Services
| Service | Groww | Zerodha |
|---|---|---|
| Demat Services | Yes | Yes |
| Trading Services | Yes | Yes |
| Intraday Services | Yes | Yes |
| F&O Services | Yes | Yes |
| IPO Services | Yes | Yes |
| 3-in-1 Account | No | No |
| Stock Research | No | No |
| Stock Recommendations | No | No |
| Trading Education | No | Yes, Zerodha Varsity |
| Share Pledging | Yes | Yes |
| PMS or PCG | No | No |
| NRI Services | No | No |
Stock advisory helps investors choose appropriate stocks through research reports, tips, and market reviews. The table below shows which advisory products are available from Groww and Zerodha.
Groww and Zerodha — Detailed Comparison of Advisory Services
| Advisory | Groww | Zerodha |
|---|---|---|
| Fundamental Reports | No | Yes |
| Research Reports | No | No |
| Company Reports | No | No |
| Annual Reports | No | No |
| IPO Reports | No | Yes |
| Technical Reports | No | Yes |
| Stock Tips | No | No |
| Daily Top Stock Picks | No | No |
| Daily Market Review | No | No |
| Monthly Review | No | No |
| Weekly Review | No | Yes |
| Relationship Manager | No | No |
| Robo Advisory | No | Yes |
Margin exposure allows traders to manage larger positions with less capital. Below is a comparison of the margin available from Groww and Zerodha across different segments.
Groww and Zerodha — Comprehensive Comparison of Trading Exposure
| Exposure | Groww | Zerodha |
|---|---|---|
| Equity Delivery | 1x | 1x |
| Equity Intraday | Upto 5x (Depends on Stocks) | Upto 5x (Depends on Stocks) |
| Equity F&O Carry Forward | 1x | 1x |
| Equity F&O Intraday | 1.3x | 1.3x |
| Commodity F&O Carry Forward | 1x | 1x |
| Commodity F&O Intraday | 1.3x | 1.3x |
| Currency F&O | 1x | 1x |
Groww and Zerodha both list a sub-broker program. Groww and Zerodha both list a partner program. Groww and Zerodha both list a referral program.
Groww vs Zerodha — Comparative Analysis of Programs
| Program | Groww | Zerodha |
|---|---|---|
| Sub-Broker Program | Yes, Limited | Yes, Limited |
| Partner Program | Yes | Yes |
| Referral Program | Yes | Yes |
Groww provides support through call support, email support, website support, Facebook support and Twitter/X support. Zerodha provides support through trading desk support, dedicated dealer assistance, call support, email support and website support.
Groww and Zerodha — Comprehensive Comparison of Customer Support
| Support Channel | Groww | Zerodha |
|---|---|---|
| Trading Support | NA | Available, Chargeable |
| Dedicated Dealer | NA | Available, Chargeable |
| Call Support | 9108800604 | 080-47181888, 9513369973 |
| Email Support | [email protected] | [email protected] |
| WhatsApp Support | NA | NA |
| Website Support | Website Link | Website Link |
| Facebook Support | Facebook Support Link | Facebook Support Link |
| Twitter / X Support | Twitter Support Link | Twitter Support Link |
| Telegram Support | Telegram Support Link | Telegram Support Link |
| Branches / Offices | NA | NA |
Both brokers have been evaluated across key parameters to help investors make an informed comparison. Groww carries an overall rating of 9.75 / 10, while Zerodha carries an overall rating of 9.85 / 10.
Groww vs Zerodha — Ratings Comparison
| Rating Parameter | Groww | Zerodha |
|---|---|---|
| Overall Rating | 9.75 / 10 | 9.85 / 10 |
| Customer Support | 9.71 / 10 | 9.81 / 10 |
| Technology | 9.87 / 10 | 9.97 / 10 |
| Charges | 9.79 / 10 | 9.89 / 10 |
| Products & Services | 9.69 / 10 | 9.79 / 10 |
| Experience | 9.67 / 10 | 9.77 / 10 |
SEBI, BSE, and NSE regularly publish broker complaint data as part of investor protection oversight. The table below shows the complaint records for both brokers.
Groww & Zerodha — Comparison of Customer Complaints
| Complaint Metric | Groww | Zerodha |
|---|---|---|
| Total Complaints Lodged | 181 | 339 |
| Total Complaints Resolved | 163 | 307 |
| % of Resolved Complaints | 90.06% | 90.56% |
| Non-Actionable Complaints | 9 | 20 |
| % of Non-Actionable Complaints | 4.97% | 5.90% |
Transaction charges are levied by the stockbroker for executing each trade. Below is a segment-wise comparison for Groww and Zerodha.
Groww vs Zerodha — Detailed Comparison of Transaction Charges
| Transaction Charges | Groww | Zerodha |
|---|---|---|
| Equity Delivery | 0.00325% (NSE) & 0.00375% (BSE) | 0.00325% (NSE) & 0.00375% (BSE) |
| Equity Intraday | 0.00325% (NSE) & 0.00375% (BSE) | 0.00325% (NSE) & 0.00375% (BSE) |
| Equity Future | 0.0019% (NSE & BSE) | 0.0019% (NSE & BSE) |
| Equity Option | 0.05% (on premium) | 0.05% (on premium) |
| Commodity Future | NA | 0.0021% (Non-Agri) / 0.006% (Agri) / 0.0005% (Special) |
| Commodity Option | NA | 0.05% (Non Agri) |
| Currency Future | NA | 0.0009% (NSE) & 0.00025% (BSE) |
| Currency Option | NA | 0.035% (NSE) & 0.001% (BSE) |
Pledge creation charges apply when traders borrow against their held securities. Pledge invocation charges apply if the pledged shares are sold due to a shortfall. Margin trading interest is the rate charged on borrowed funds.
Groww & Zerodha — Comprehensive Comparison of Pledge Charges
| Pledge Charge | Groww | Zerodha |
|---|---|---|
| Pledge Creation Charges | Free | Rs.30 per Request |
| Pledge Invocation Charges | Rs.20 per Request | Nil |
| Margin Trading Interest | 0.045% per day | 0.05% per day |
Beyond brokerage, several statutory and operational charges apply. These include SEBI turnover fees, DP charges, GST, account closure, reactivation, dematerialisation, and call & trade charges.
Groww and Zerodha — Detailed Comparison of Hidden / Other Charges
| Charge | Groww | Zerodha |
|---|---|---|
| SEBI Turnover Charges | Rs.10/ Crore (All Segment) | Rs.10/ Crore (All Segment) |
| DP Charges | Rs.13.5 per Scrip only on Sell | Rs.13.5 per Scrip on Sell |
| GST | 18% on (Brokerage + SEBI + Transaction charges) | 18% on (Brokerage + SEBI + Transaction charges) |
| Account Closure Charges | Free | Rs.25 |
| Reactivation Charges | Free | Rs.20 |
| Dematerialisation Charges | Not Available | Rs.30 per Certificate |
| Call & Trade Charges | Not Available | Rs.30 per Certificate |
Groww lists account opening charges of Free and Demat AMC of Free. Zerodha lists account opening charges of Rs.200 – Rs.300 and Demat AMC of Rs.300 per Year.
Groww vs Zerodha — Detailed Comparison of Demat Charges
| Demat Charges | Groww | Zerodha |
|---|---|---|
| Account Opening Charges | Free | Rs.200 – Rs.300 |
| Annual Maintenance Charges (AMC) | Free | Rs.300 per Year |
Securities Transaction Tax (STT) and Commodity Transaction Tax (CTT) are government levies — the same for all brokers in India. These are shown below for reference.
Groww vs Zerodha — Comparative Analysis of STT and CTT Charges
| STT & CTT | Groww | Zerodha |
|---|---|---|
| Equity Delivery | 0.1% on buy & sell | |
| Equity Intraday | 0.025% on sell | |
| Equity Future | 0.0125% on sell | |
| Equity Option | 0.0625% on sell (on premium) | |
| Commodity Future | NA | |
| Commodity Option | NA | |
| Currency Future | NA | |
| Currency Option | NA |
Stamp duty is a government tax charged when the broker issues, sells, or transfers a security. It is collected at the end of each trading day.
Groww and Zerodha — Comparison of Stamp Duty Charges
| Stamp Duty | Groww | Zerodha |
|---|---|---|
| Equity Delivery | 0.015% on buy | 0.1% on buy & sell |
| Equity Intraday | 0.003% on buy | 0.025% on sell |
| Equity Future | 0.002% on buy | 0.0125% on sell |
| Equity Option | 0.003% on buy | 0.125% on buy, 0.0625% on sell |
| Commodity Future | NA | 0.01% on sell |
| Commodity Option | NA | 0.05% on sell |
| Currency Future | NA | Nil |
| Currency Option | NA | Nil |